3:58 p.m.: Who won the Granger deal?

A quiet trade deadline quickly turned into a chaotic one after the Pacers and Sixers slipped in a blockbuster at the last second. As first reported by Yahoo Sports, Indiana will send Danny Granger and a second-round pick to Philadelphia for Evan Turner and Lavoy Allen.

2:51 p.m.: Several teams staying quiet

With less than an hour left to go, the crickets continued to be heard around most of the league. I'm told all is quiet for - among many others, I'm sure - the Chicago Bulls, Memphis Grizzlies, Golden State Warriors, Dallas Mavericks, and New Orleans Pelicans.

The signing of Jarrett Jack hasn't worked out as expected for the Cavaliers this season. But after trying to move the veteran guard at the deadline, it appears he's staying put. Via Ken Berger of CBS Sports:

Barring an unforeseen turn of events, Jarrett Jack will wind up staying in Cleveland past the deadline, league source says.

1:41 p.m.: Lakers' Hill still on the block

Hill looked to be headed for the Brooklyn Nets, who wanted to use their disabled player exception to add more depth down low despite the fact that they'll take yet another huge luxury tax hit by doing so. But according to a person with knowledge of the situation, the Lakers are now asking for a second-round pick in the deal and it's safe to say the Nets don't see that as a fair deal.

Nets may pass on Jordan Hill, per league source. Momentum has cooled significantly to get deal done.

Shumpert, the 17th pick in the 2011 draft, was highly regarded by the Knicks' front office until recently.

1:09 p.m.: Knicks unloading Udrih?

The Knicks have enough drama without Beno Udrih Drama, which is why New York has been trying furiously to unload the veteran point guard. The team has finally found a partner, according to Marc Stein of ESPN.com:

Sources say Nuggets now proceeding w/acquisition of Beno Udrih from Knicks for Jordan Hamilton. Why DEN needed third team for Eric Maynor

11:53 a.m.: Cavs not done making moves?

After trading for Spencer Hawes earlier in the day, the Cavaliers may make another move. With Cleveland's frontcourt logjam growing even more crowded with the addition of Hawes, the Cavs are now reportedly shopping Tyler Zeller. From Brian Windhorst of ESPN.com:

The Clippers and Cavs have had discussions on trade involving Reggie Bullock for Tyler Zeller, sources told ESPN

Sacramento reportedly had interest in adding a veteran guard before the deadline. Ken Berger of CBS Sports reports the team has acquired guard Roger Mason Jr. from the Heat, but he won't be filling that void, as Berger also reports that the team is expected to release the 33-year-old:

All the details of that deal have yet to be hammered out. The Cavs will have to send something back to match Hawes' contract ($6.5M this year). The trade also could be setting up another deal. From Jason Lloyd of the Akron Beacon Journal:

#Cavs have been shopping Zeller everywhere last few days, per source. Trying to confirm @WojYahooNBA report on Hawes, but Zeller on block

9:37 a.m.: Kings shopping Jimmer

The trade market for Jimmer Fredette appears to be non-existent at the moment.

The sharpshooting guard, who has averaged just 11.3 minutes off the Kings' bench this season, has been unable to attract much interest around the league, according to Adrian Wojnarowski of Yahoo Sports.

Kings still shopping Jimmer Fredette, unable to find deal for him so far, league sources tell Yahoo. A 2014 second-round pick could get him.

• Marc Stein, ESPN.com: Laker plan taking shape: Trade Jordan Hill and Chris kaman in next 17 hours and they get under tax AND no longer HAVE to trade Pau Gasol. [That's] what some rival execs now expect Lakes to do. Trade Hill. Trade Kaman. Then roll w/Pau into July to re-sign or sign-and-trade him.

• Steve Bulpett, Boston Herald: One team executive who’d spoken to the Celtics reported that, in particular, the Rajon Rondo rumors appear to be out of control. “They’re willing to talk about Rondo, but that’s always been true, for Rondo and for everyone,” he said. “But I can tell you that nothing is happening there. That doesn’t mean someone won’t panic today and make them a real offer, but I know that hasn’t happened yet.” There was further indication that there was no substance to reports of interest in Rondo from Houston. There has been nothing approaching a negotiation or even a call from the Rockets.

• Jason Lloyd, Akron Beacon Journal: The Cavaliers remain confident they’ll get a deal done in advance of today’s 3 p.m. trade deadline, but what exactly they’ll do remains a mystery. The team is taking calls on Luol Deng, but would need a first-round pick in return to consider parting with him. ... ESPN reported the Cavs had emerged as frontrunners to acquire the Los Angeles Lakers’ Jordan Hill, but a league source refuted that and insisted the two sides weren’t in discussions over Hill. The Cavs have also been linked in trade rumors to the Lakers’ Pau Gasol and Chris Kaman, but all of those talks seemed dormant as of today.

• Mike Ganter, Toronto Sun: There is every chance the NBA trade deadline will come and go with the Raptors not making a move.

• Charles F. Gardner, Milwaukee Journal Sentinel: [T]he Bucks have a few veterans that could intrigue teams jockeying for playoff position. Among those players are guards Gary Neal and Luke Ridnour and small forward Caron Butler. ... If the Bucks do make any deals, they are seeking young assets and possibly draft picks that could help the team's rebuilding process. ... A league source indicated nothing was close for the Bucks as of Wednesday afternoon, but deals often come together in the last few hours before the deadline.

• Paul Coro, Arizona Republic: The Suns entered the final hours before the trade deadline not expecting to broker a deal by Thursday’s 1 p.m. deadline, but they remain a possible player because of their cap space, Emeka Okafor’s expiring, insurance-protected contract and precarious playoff position.

• Sam Amick, USA Today Sports: From the Phoenix front, I'm told Suns not close to anything right now. Standing pat is more likely possibility, but they're still exploring.

• Keith Pompey, Philadelphia Inquirer: [Sixers GM Sam Hinkie] wants first-round picks in exchange for Evan Turner, Spencer Hawes, and Thaddeus Young. That could be a major problem. ... Will the Sixers settle for the best offer? Or will they do what appeared unthinkable months ago - opt to keep the team intact?

• Ken Berger, CBSSports.com: Unable to secure a 1st-round pick in a deal for Evan Turner, Sixers may now take a 2nd as part of package for '10 No. 2 pick, sources say. Philly has plenty of room to take back salary for Turner and is averse to signing him to a nearly $9M qualifying offer this summer.

• Adrian Wojnarowski, Yahoo Sports: Within hours of trade talks collapsing with the Los Angeles Clippers on a deal, New York Knicks guard Iman Shumpert suffered a sprained MCL in his left knee, a league source told Yahoo Sports. ... There's concern about possible meniscus damage that will be addressed in the examination, a source told Yahoo Sports. ... After several rounds of negotiations, the Clippers and Knicks abandoned discussions on a proposed trade centered around Shumpert earlier on Wednesday, league sources said. The Knicks had interest in bringing back Clippers point guard Darren Collison and rookie Reggie Bullock as part of a package, but wanted Los Angeles to accept Raymond Felton in the deal, sources said. The Clippers resisted the Felton element of the deal, and were reluctant to part with Bullock or any draft picks in talks, sources said.

• Marc Berman, New York Post: If the Knicks make a move by Thursday’s 3 p.m. trade deadline, it likely will be dealing out-of-the-rotation point guard Beno Udrih.

• K.C. Johnson, Chicago Tribune: Echoing comments general manager Gar Forman and executive vice president of basketball operations John Paxson made last week, [Chicago coach Tom] Thibodeau said he would be surprised if the Bulls made a trade before Thursday's 2 p.m. deadline. Despite rumors, the Bulls have shown no desire to move Mike Dunleavy because he's an affordable rotation player who fits next season.

• Christopher Dempsey, Denver Post: By the time the Nuggets hit the court against the Milwaukee Bucks in their second game after the all-star break, they'll already know whether they are officially past the Andre Miller era. And if he is dealt by 1 p.m. Thursday, the NBA's trade deadline, it will go down as one of the most challenging deals Nuggets general manager Tim Connelly ever made. Connelly is dealing from a position of no leverage, so the Nuggets are getting one-sided offers. Miller has wanted out of town since an episode Jan. 1, when he publicly ripped coach Brian Shaw during a game against Philadelphia.

• Vincent Goodwill, Detroit News: Pistons president Joe Dumars still had the expiring contracts of Rodney Stuckey and Charlie Villanueva to dangle at teams, with both making around $8.5 million each before their deals come off the books. ... But since the unexpected firing of Maurice Cheeks by owner Tom Gores after just 50 games, it doesn’t appear the Pistons are in any rush to make any moves -- either out of haste or foresight for the future.

• Mike Tokito, The Oregonian: [M]any signs point to Portland going through the trade deadline without making a deal for the first time since 2004-05.

• John Reid, New Orleans Times Picayune: Despite that his name has been swirling amid trade speculation, New Orleans Pelicans shooting guard Anthony Morrow tried to turn his attention solely toward Wednesday night’s game against the New York Knicks. But the possibility remains that he could be playing for another team if the Pelicans pull the trigger before Thursday’s 2 p.m. trade deadline. League sources confirmed Wednesday that the Pelicans could be looking to unload one of their guards to secure draft picks. Second-year guard Austin Rivers, who was the 10th overall pick in the 2012 NBA draft, also has been mentioned in trade rumors.